enCore Energy (CVE:EU) Shares Up 2.9% – Still a Buy?

Shares of enCore Energy Corp. (CVE:EU) were up 2.9% during mid-day trading on Monday . The company traded as high as C$2.55 and last traded at C$2.48. Approximately 398,967 shares changed hands during trading, a decline of 36% from the average daily volume of 626,604 shares. The stock had previously closed at C$2.41.

Analysts Set New Price Targets

Separately, Northland Securities raised enCore Energy to a “strong-buy” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, enCore Energy currently has an average rating of “Strong Buy”.

enCore Energy Stock Performance

The stock has a market capitalization of C$477.57 million, a P/E ratio of -9.11 and a beta of 0.95. The business has a 50 day simple moving average of C$3.53 and a 200-day simple moving average of C$3.78.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.